Sarkozy's total will be seen as a personal failure. It is the first time an outgoing president has failed to win a first-round vote in the past 50 years and makes it harder for Sarkozy to regain momentum.

Seeing the British establishment struggle with the financial sector is like watching an alcoholic […]. Until 2008 there was denial over what finance had become. When a series of bank failures made this impossible, there was widespread anger, leading to the public humiliation of symbolic figures.